Get the latest tech news
Spotify says it paid $10 billion to music industry last year
Audio streaming company Spotify said Tuesday that it paid $10 billion to the music industry last year. The company added that it has given nearly $60
The company quoted various reports noting that Spotify contributes a significant portion of global streaming revenue. Earlier this month, a report from music financing platform Duetti noted that per-stream rates for independent artists are stabilizing after a few years of decline. Image Credits: DuettiWhat’s more, the report emphasized that Spotify’s Discover Mode, which allows artists to get their songs highlighted better through algorithms while taking a pay cut, is contributing to an increasing number of streams.
Or read this on TechCrunch
